# Cheap US corn lures Chinese buyers seeking American grain - Agweek | #1 source for agriculture news, farming, markets

> Chinese buyers are inquiring about US corn and sorghum after purchasing 756,000 metric tons of corn, the most since 2003. US corn prices have fallen more than 10% from their March high as coronavirus reduces gasoline demand and the oil price war deepens, and ethanol margins are negative.

- Date: 2020-03-25 · published 2020-03-25T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/54000-cheap-us-corn-lures-chinese-buyers-seeking-american-grain-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Cheap US corn and sorghum relative to domestic Chinese supply could draw more export demand and support prices, while weak ethanol margins are a bearish offset for domestic feed-grain demand.

## Read by commodity

- CORN: bullish ▲
- DDGS: bearish ▼
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-20 | [Farmers ponder grain tariff counter-moves - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63517-farmers-ponder-grain-tariff-counter-moves-agweek-1-source-for-agriculture-news.md) | -2.8% | -4.9% |
| CORN | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +0.8% | -0.4% |
| CORN | 2020-03-24 | [Cheap U.S. Corn Lures Chinese Buyers Seeking American Grain - Bloomberg](https://feedsoft.ai/events/54195-cheap-u-s-corn-lures-chinese-buyers-seeking-american-grain-bloomberg.md) | +6.1% | -4.7% |
| CORN | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +4.1% | +5.9% |
| CORN | 2016-08-18 | [Exports support soy; corn, wheat rise on short-covering - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12516-exports-support-soy-corn-wheat-rise-on-short-covering-agweek-1-source-for.md) | -0.8% | -3.2% |

## Sources

- agweek.com: https://www.agweek.com/business/cheap-us-corn-lures-chinese-buyers-seeking-american-grain

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.